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MNI (Sydney)

The People's Bank of China (PBOC) injected CNY20 billion via 7-day reverse repos with the rate unchanged on Friday. This resulted in a net injection of CNY20 billion as no reverse repos matured today, according to Wind Information.

  • The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.2239% at 09:38 local time from the close of 2.1829% on Thursday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 47 on Thursday vs 39 on Wednesday. A higher index indicates increased market expectations for tighter liquidity.
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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